Newspaper article St Louis Post-Dispatch (MO)

Debut of iPhone 5 Is Expected Today; BUSINESS

Newspaper article St Louis Post-Dispatch (MO)

Debut of iPhone 5 Is Expected Today; BUSINESS

Article excerpt

After weeks of speculation, anticipation and a dose of hype, Apple Inc. is holding an event today at which it's widely expected to announce a new smartphone.

Analysts predict the iPhone 5 may be among the biggest consumer- electronics releases in history. The new device could contribute as much as a half a percentage point to U.S. economic growth in the fourth quarter, according to analysts at JPMorgan Chase & Co.

The iPhone 5 is expected to be introduced by Chief Executive Officer Tim Cook in San Francisco at the Yerba Buena Center for the Arts Theater, where Apple has held many product launches.

The new model will probably go on sale in a week or two.

Apple Inc. also plans to update its phone software this fall and will ditch Google Inc.'s mapping service for its own, as the rivalry between the two companies intensifies.

In a related development, Google said Tuesday that it was releasing a new YouTube app for the iPhone and the iPad. The changes come amid the expiration of a five-year licensing agreement that had established YouTube as one of the built-in applications in Apple's mobile devices.

Apple could sell as many as 10 million iPhones by the end of this month alone, according to Gene Munster, an analyst at Piper Jaffray Cos. By contrast, it took Samsung Electronics Co. about 50 days to sell 10 million of its flagship Galaxy S III smartphones.

Apple's debut of its redesigned iPhone will test anew its high- stakes strategy of once-a-year upgrades for a product that accounts for about 70 percent of the company's profits.

The new phone will probably have a new hardware design, including a bigger screen and thinner body, as well as new mapping software and compatibility with speedier next-generation data networks.

The iPhone 5 is expected to work with fourth-generation, or 4G, cellular networks. That capability is something Samsung's Galaxy S III and many other iPhone rivals already have.

Still unknown is whether Apple will announce today a smaller version of its iPad.

Apple dominates the market for tablet computers, shipping seven out of every 10 tablets in the second quarter, according to research firm IHS iSuppli. …

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